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Pastimes : James Cramer Skeptic Thread

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To: TorturaSunshinl who wrote (146)	6/18/1998 6:22:00 PM
From: craig crawford	of 1254

Could you cite some examples? I am open to people proving to me that Jim Rogers is a horrible investor, but I see plenty of huge successes to go along with his often pointed out mistakes. I have only followed Mr. Rogers on TV for a couple years. Jim Rogers said to short S. Korea in Barron's a few years ago when it was making all-time highs. That was about 80% ago. Jim Rogers openly talked about shorting Hong Kong last year and added to his shorts when many thought it was time to buy. I recall Jim being bullish on Titanium before it made a huge move. This wasn't just some volatile swing that he happened to catch, if you look at a chart titanium stocks did nothing but go down for years before making a huge advance of more than 1000% in the span of a couple of years. In late 1996 or early 1997 I recall someone on CNBC calling in and asking him if they should get into titanium, and he said no, it was too late to do that. Sure enough titanium stocks like RTI and OREM cooled off. Jim Rogers made 400-500% in a couple of years investing in Austria. He sold out in early 1987 when he saw specualtive excesses in the markets. This was clearly documented in the Barron's Roundtable. There are many others successes and failures that can be brought up if you really want to delve into it. I think Jimmy has made great money investing in some Latin American countries. I think it is ridiculous to suggest that Jimmy doesn't make money on his investments and doesn't offer worthwhile advice. Jimmy has been saying for a while now that Russia is a house of cards and was due for a disaster. Exuberant bulls bid it up for a while and ignored people like him, but now it is becoming quite obvious how many problems Russia faces. Jimmy said he shorted Mexico at the beginning of this year and their stock market has not fared to well.

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